How Submetering helps to save
Utility costs are one of the highest expenditures for a building. With submetering, your residents or tenants are responsible for their own consumption, and this ‘user pay’ system motivates change in behaviour, often resulting in less energy consumed.
By submetering, you can better control operational costs, allowing you to focus on other priorities. Submetering also helps to reduce your exposure to frequent utility rate increases and unpredictable residential use – savings that can be used for maintenance, the building reserve fund or passed onto building residents.
Research proves it’s a win-win situation
According to Navigant Consulting’s report evaluating the impact of submetering on multi-residential electricity consumption, submetering can be ‘win-win’ both economically and environmentally. Converting from bulk billing to submetering can yield electricity savings of up to 40%.